Concept
Invisible hand
Overview
economic concept popularized by Adam Smith
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
Found by search and not yet checked by a person; they may only mention the idea in passing.
His first writings, which dealt exclusively with the money question belong to the time of the most violent controversy between the Bank of England, which had on its side the ministers and the war party, and its opponents about whom were centered the parliamentary opposition, the Whigs and the Peace party. They appeared as immediate forerunners of the famous Report of the Bullion Committee of 1810, in which Ricardo’s…
Karl Marx, A Contribution to the Critique of Political Economy
States what Invisible hand is; the author is tied to Invisible hand in the knowledge graph.
He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end…
Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations
The author is tied to Invisible hand in the knowledge graph; names Invisible hand.
They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species. When Providence divided the earth among a few lordly masters, it neither…
Adam Smith, The Theory of Moral Sentiments
The author is tied to Invisible hand in the knowledge graph; opens on Invisible hand.
Philosophers who discussed Invisible hand
Related ideas
- R. H. Tawney
- Harvard University Press
- Joseph Butler
- Laissez-faire
- Karl Marx
- Adam Smith
- Harvard University
- Francis Hutcheson (philosopher)
- Milton Friedman
- Metaphor
- William Stanley Jevons
- Natural selection
- Noam Chomsky
- Neoclassical economics
- Paul Samuelson
- Well-being
- Robert Nozick
- Rational egoism
- University of Oxford
- Vilfredo Pareto
- Christian socialism
- Scottish people
- Divine providence
- Social Darwinism
Place in the tradition
Part of Anarchism.